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Is Europe going far enough? Reflections on the Stability and Growth Pact, the Lisbon strategy and the EUÕs economic governance

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  • Stefan Collignon

    (London School of Economics and Political Science)

Abstract

EuropeÕs economic governance is not only highly complex, but also increasingly inefficient and unsustainable in the long run. This conclusion is reached from the theory of collective action and the difficulties in democratic legitimacy. The solution would be the creation of a European government accountable to European citizens.

Suggested Citation

  • Stefan Collignon, 2003. "Is Europe going far enough? Reflections on the Stability and Growth Pact, the Lisbon strategy and the EUÕs economic governance," European Political Economy Review, European Political Economy Infrastructure Consortium, vol. 1(Autumn), pages 222-247.
  • Handle: RePEc:epe:journl:v:1:y:2003:i:autumn:p:222-247
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    More about this item

    Keywords

    EMU; Stability and Growth Pact; Economic Governance; Lisbon Stratey; Open Coordination;

    JEL classification:

    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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